VR headset shipments spike, Faraday Future’s management shake-up

The tech giant said it will give away almost all its 20% stake, after the food delivery platform spent seven straight quarters in the red

China’s “Big Six” state-owned banks offer at least $130 billion in credit lines to property developers

South African media giant may cash out its $4.6 billion special dividend stake in the food delivery platform as it funds a massive share buyback of its own

South African media giant may cash out its $4.6 billion special dividend stake in the food delivery platform as it funds a massive share buyback of its own

Special dividend set for distribution in March continues internet giant’s divestiture of external investments so far including JD.com, Sea Ltd., BBK Electronics and Huayi Brothers

Upstarts have eaten away at the struggling company’s dominant position in China, but like the market leader, not one has turned a profit

Shares of Meituan, Kuaishou, Bilibili and Pinduoduo slip on report that Tencent may ditch Meituan under government pressure

Meituan’s bike rental service, formerly known as Mobike, has raised its seven-day membership fee from 10 yuan to 15 yuan. Companies in China’s bike-sharing market, which has experienced a dramatic rise and fall since 2016, are raising rates as they struggle to survive in the face of rapid capital expansion costs and cutthroat competition

The internet giant has further downsized Jingxi Pinpin, cutting its presence to just Beijing and one other city

Fifty-fold increase in fines from 2020 shows the dimensions of the government’s broad crackdown on anti-competitive behavior by big tech, which bore 92.1% of the penalties

California-based rental giant says it signed agreements to facilitate the transfer of China-based listings to competitors such as Meituan Homestay, Xiaozhu, Tujia and Fliggy

Beijing urges Pakistan to bring the perpetrators to justice after three Chinese were killed in the South Asian country

Move sparks speculation over Covid link, but insiders say poor profitability, desire to refocus were likely more important

Senior exec leaves AI surveillance firm UCloud, Zhihu seeks Hong Kong listing

This year’s record class faces the toughest market in years and a mismatch between qualifications and the needs of employers

Cyberspace Administration reports net gain at a dozen tech giants in assessing concerns that key job-creation engine was running out of gas after reports of employment cuts

Cyberspace Administration plans on-site inspections of internet giants like ByteDance and Tencent as new rules take effect

Community group buying provides a lifeline for some, but a shortage of workers is leaving food undelivered

Freeze on IPOs — especially abroad — casts a chill over tech startup finance in China, despite recent signals of a government thaw